AMD Applauds OMB Efforts To Limit Brand Name Specifications And Maximize Competition In Federal Procurement

AMD Applauds OMB Efforts To Limit Brand Name Specifications And Maximize Competition In Federal Procurement

Advanced Micro Devices (NYSE: AMD) commended an Office of Management and Budget (OMB) memorandum announcing new federal procurement regulations designed to discourage the use of brand name specifications in government contracts that would benefit a particular brand or manufacturer.

The change to the Federal Acquisition Regulation (FAR) increases the level of transparency in the procurement process by requiring federal procurement officers to publish justification for brand name specifications in all solicitations that exceed $25,000, as well as post them in public view on government Web sites.

“OMB is once again demonstrating its commitment to foster choice and open competition in government procurement,” said Sue Snyder, AMD vice president of international policy and relations and executive legal counsel. “Competition promotes consumer choice, lowers prices and encourages innovation. This change will help government agencies choose from the best products at the fairest prices for American taxpayers.” Snyder continued, “The decision to include simplified acquisitions and sole source procurements, two commonly used practices, really raises the bar for standards of accountability to the American public.”

Read the complete Press Release